In this week’s HoweStreet.com Radio podcast, Chris speaks with Jim Goddard about stock markets testing resistance, bullish sentiment, and how investors keep buying the high flying tech, discretionary stocks, and biotechs, while ignoring economic sectors like energy, financials, airlines, hotels, and casinos which give us a truer picture of the overall economic outlook. The CME is widening their circuit breakers, and brokers are tightening up their margin requirements. It seems while investors are bullish, the institutional side is preparing for a volatility spike and lower prices looking forward from here.
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- US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% May 2, 2024
- Brent crude oil hits seven-week low May 2, 2024
- Target Thursdays: USDJPY, Copper & EURCAD May 2, 2024
- WTI oil declines on rising inventories and negotiations between Israel and Hamas. Rising unemployment in New Zealand may force RBNZ to start cutting rates earlier May 1, 2024
- Bitcoin stumbles below $60k ahead of Fed May 1, 2024
- Expert Says Now Looks Like a Good Time To Buy This Renewable Energy Stock Apr 30, 2024
- Optimism over corporate earnings is fueling stock indices. The Hong Kong index reached a 5-month high Apr 30, 2024
- FXTM’s Copper: Hits fresh two-year high! Apr 30, 2024
- European indices grow on the ECB’s “dovish” position. Quarterly reports of mega-companies support the broad market Apr 29, 2024
- Japanese yen shows volatility amid speculation of intervention Apr 29, 2024